Byzgen Limited (10794150): administration
- Status
- In administration
- Administration began
- 2025-07-02
- Administrators
- Isobel Brett
- Administrators' firm
- Bretts Business Recovery
- Incorporated
- 2017-05-30
- Location
- Dartford
- Industry
- 62090 Other information technology service activities
Why it went into administration
- HMRC / tax arrears
- Regulatory change or action
- Cyber attack / IT failure
From the administrators' statement
Creditors should note that, unless otherwise stated, this section of the proposals has been prepared based on information provided by the Director of the Company and not from my personal knowledge as Administrator.
The Company was incorporated on 30 May 2017 for the purpose of developing blockchain technology solutions to provide clients with a secure way of storing, managing, exchanging and tracking sensitive data.
In the early stages, the Company raised £500,000 from investors. These funds were primarily used to acquire blockchain intellectual property (IP) from Crossword Cyber Security Ltd and to form an initial team. During the first 18 months of operations, the Company successfully delivered blockchain proofs of concept for three clients: the Ministry of Defence, BAE Systems, and a government data management provider from Australia.
Administrators' statement of proposals (2025-08-22) · Companies House register